BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0204%/8h= −22.3% APRnext payment −$0.26 per $10,000 · paid last 24h +0.020%

Price spread now: ApeX Omni against Lighter−0.062%48s7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$410.412% of the position

Long on Lighter Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.134%+$13 on $10k

Price spread, last 3 days (all we have)+0.081%+$8 · spread now −0.062%, 7d avg −0.052%

Together, before fees+0.214%+ Points / potential airdropLighter: Season 3 · farm board+$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.052%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.134%, so the current rate has only just turned against you. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.134% in total (about 7.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.26 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter BRENTOIL	96.230	0.0304	pay 0.0038% / 1h	18m 41s	$3.3M	$4.3M	20x
Short	ApeX Omni BZUSDT	96.170	0.0100	get 0.0013% / 1h	18m 41s	$25K	$271K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee ApeX OmnibpOrdersPrice spread, now −0.062%Rate

Funding earned: −$42.84
Price spread: −0.062% → −0.052%: −$1
Slippage, 4 orders: −$31.16
Fee Lighter: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$85
Costs to cover: 0.412%
Break-even: never at this rate

Slippage from Lighter: live order book, 4 min ago; ApeX Omni: live order book, 58 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Lighter live order book, 4 min ago	1.04 bp	1.0 bp −$1	1.2 bp −$12	8.4 bp −$838	doesn't fit
Sell ApeX Omni live order book, 58 min ago	8.85 bp	19.9 bp −$20	180.9 bp −$1,809	doesn't fit	doesn't fit

BZ on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX BRENTOIL/USD [ETH-USDC]	L −0.0848% / S +0.0467%	1h	96.215	−0.016%	$120K	—	111x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.348	−0.917%	$8K	$7K	30x	as long as short
Hotstuff BRENTOIL-PERP	−0.0064%	1h	96.250	+0.021%	$33K	—	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0062%	1h	96.240	+0.010%	$103K	$275K	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0040%	1h	96.070	−0.166%	$232K	$551K	15x	as long as short
RISEx BZ/USDC	−0.0020%	1h	96.199	−0.032%	$2.2M	$1.3M	20x	as long as short
Aster BZUSDT	0.0000%	4h	96.210	−0.021%	$334K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.210	−0.021%	$145.8M	$453.5M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.220	−0.010%	$10.5M	$16.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.210	−0.021%	$15.8M	$26.5M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	96.170	−0.062%	$9.2M	$16.4M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.230	0.000%	$27.6M	$20.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.172	−0.060%	$9.3M	$7.7M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.220	−0.010%	$34K	$375K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.230	0.000%	$4K	$2.7M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.150	−0.083%	$306K	$249K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.320	+0.094%	$1.2M	$94K	100x	as long as short
edgeX BZUSDC	+0.0013%	4h	96.203	−0.028%	$220K	$233K	20x	as long as short
Paradex BZ-USD-PERP	+0.0027%	8h	96.197	−0.034%	$3K	$521	5x	as long as short
BloFin BZ-USDT	+0.0036%	4h	96.190	−0.042%	$1.5M	$96K	50x	as long as short
Vest BZ-PERP	+0.0046%	1h	99.870	+3.783%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.249	+0.020%	$151.1M	$144.0M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.262	+0.033%	$1.5M	$527K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0075%	1h	96.270	+0.042%	$6K	$44K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.140	−0.094%	$3.8M	$988K	50x	as long as short
ApeX Omni BZUSDTshort	+0.0100%	1h	96.170	−0.062%	$25K	$271K	50x
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	96.261	+0.032%	$83K	$234K	20x	as long as short
Lighter BRENTOILlong	+0.0304%	1h	96.230	long leg	$3.3M	$4.3M	20x
Ondo Perps BRENT-USD.P	+0.0398%	1h	96.180	−0.052%	$3.1M	$1.1M	15x	as long as short
Extended XBR-USD	+0.0592%	1h	96.118	−0.116%	$675K	$5.2M	10x	as long as short